1611/8 Kingsborough Way, Zetland NSW 2017

Dual-level flat in sought-after building | Strong rental yield at current price | Premium floor-to-ceiling natural light | Competitive pricing vs recent building sales This property stands out in the current market because its dual-level design is rare in the building and the asking price sits below the recent $1.01 million sale for a comparable unit at 1220, giving the buyer immediate paper equity. The 119 square metre footprint is generous for a two-bedroom apartment, and the combination of two ensuites plus a third toilet is a functional advantage that appeals to professional couples or sharers who value privacy. The open-plan living with balcony and modern kitchen finishes positions this unit as a genuine lifestyle property, not just an investment box, and the rental estimate of $1,055 to $1,300 per week supports a yield above 5% at the current price point, which is competitive for Zetland. The flood overlay is the primary risk and should be verified through council records before exchange, as it may affect insurance premiums and resale appetite among cautious buyers. The building has strong rental turnover and recent sales confirm liquidity, so holding periods of five years or more are well supported. The property suits an owner-occupier who values space and natural light more than a ground-floor garden, or an investor seeking a stable 5% yield with capital growth tied to the building’s track record. Buy at or below the $1.2 million list price and hold for income with a view to refinance after three years.